The popular Shibburn tracking service has reported that a significant number of SHIB meme coins have been transferred to "inferno" wallets and destroyed. In total, 44,623,604,014 SHIB coins were burned in 2024, equivalent to less than $1 million. However, some members of the SHIB community expressed disappointment with this amount and hoped for greater burns in the future. The SHIB team implemented upgrades, including an automated burn mechanism via the Shibarium layer-2 network. Additionally, several billion SHIB coins were burned by founders of other meme coins. Lastly, the leader of the SHIB team announced the launch of a podcast and teased the upcoming TREAT token.



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